Ask the Mortgage Experts

Transfer of Equity after separation

Posted on 8 November 2018 by Georgina Boyle

My husband I are separated and wish to take our names off each other's houses. How do we go about this??

Hi Sydney,

This is a relatively straightforward process, called a "Transfer of Equity", which your solicitor can sort out and your existing lender will be able to process as long as you both meet their standard criteria to be able to afford to take the loans on in your individual names.

In most scenarios we see that the partner wants to buy the other out of their property – because you both own your own this is very straight forward.

If you wish to discuss your enquiry in more detail, then please let me know and I'll arrange for you to speak to one of our consultants.

Kath

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